Brokerages predict that Golar LNG Partners LP (NASDAQ:GMLP) will announce earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Golar LNG Partners’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.44. Golar LNG Partners reported earnings of ($0.27) per share during the same quarter last year, which would indicate a positive year over year growth rate of 207.4%. The business is expected to announce its next earnings results on Wednesday, February 26th.
On average, analysts expect that Golar LNG Partners will report full-year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.26 to $1.59. For the next fiscal year, analysts anticipate that the business will report earnings of $1.15 per share, with EPS estimates ranging from $0.60 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Golar LNG Partners.
Golar LNG Partners (NASDAQ:GMLP) last announced its earnings results on Tuesday, November 26th. The shipping company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.18). The business had revenue of $74.13 million for the quarter, compared to analysts’ expectations of $76.47 million. Golar LNG Partners had a negative net margin of 10.41% and a positive return on equity of 2.83%.
Several analysts have recently issued reports on the stock. ValuEngine cut shares of Golar LNG Partners from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. BidaskClub cut shares of Golar LNG Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 12th. Zacks Investment Research upgraded shares of Golar LNG Partners from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Saturday, January 4th. Finally, Scotiabank set a $10.00 target price on shares of Golar LNG Partners and gave the company a “hold” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Golar LNG Partners has a consensus rating of “Hold” and an average target price of $10.94.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System raised its position in Golar LNG Partners by 7.4% in the 4th quarter. California Public Employees Retirement System now owns 125,539 shares of the shipping company’s stock worth $1,110,000 after purchasing an additional 8,700 shares during the period. Eqis Capital Management Inc. raised its position in Golar LNG Partners by 12.1% in the 4th quarter. Eqis Capital Management Inc. now owns 52,218 shares of the shipping company’s stock worth $462,000 after purchasing an additional 5,638 shares during the period. New York State Teachers Retirement System purchased a new stake in Golar LNG Partners in the 4th quarter worth about $1,768,000. Sunbelt Securities Inc. purchased a new stake in Golar LNG Partners in the 3rd quarter worth about $135,000. Finally, Stifel Financial Corp raised its position in Golar LNG Partners by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 418,176 shares of the shipping company’s stock worth $4,025,000 after purchasing an additional 3,257 shares during the period. Hedge funds and other institutional investors own 33.21% of the company’s stock.
Shares of NASDAQ GMLP traded down $0.06 during mid-day trading on Monday, hitting $7.89. 371,416 shares of the company’s stock traded hands, compared to its average volume of 336,589. The company’s 50-day moving average is $8.67 and its two-hundred day moving average is $9.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.42 and a quick ratio of 0.41. The company has a market capitalization of $532.22 million, a P/E ratio of -15.78, a PEG ratio of 0.86 and a beta of 0.97. Golar LNG Partners has a 1 year low of $7.67 and a 1 year high of $14.28.
About Golar LNG Partners
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of March 15, 2019, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP.
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